MJ Hudson acquires asset management data and analytics firm, Amaces

Founded in 2002 by two senior treasury and custody principals that worked together at Chase
Manhattan (now JP Morgan) and then Citibank, Amaces has an established customer base and
operations in Europe, as well as in the United States and Canada.

The acquisition expands MJ Hudson’s existing asset management client base from 600+ managers,
pension funds and other asset owners to more than 700, collectively managing in excess of $10Trn. It
provides MJ Hudson with an established operational and commercial presence in the US and Canadian
markets, while simultaneously offering new and existing clients an extended and enhanced suite of
services.

Amaces is a subscription-led data and analytics service provider to more than 100 fund managers,
pension funds and endowments. Its clients rely on Amaces products and services to help them achieve
and sustain optimum performance from their custodian banks and administrators. Its clients are
located principally in the US, Canada and Europe and include many of the world’s most significant
institutional investors.

The senior executive team at Amaces will remain with the business and there will be no interruption
of services to existing customers. A number of client initiatives to develop services benefitting from
the natural synergies between Amaces and MJ Hudson’s existing service offering are already
underway.

The Amaces name will continue as ‘MJ Hudson Amaces’ and all of the services provided by the
company will be accessible under the MJ Hudson brand.

Matthew Hudson, CEO, MJ Hudson, commented on the deal:

“Amaces is a leader in its field. The team has built an impressive business, becoming a trusted adviser
to a remarkable array of blue chip clients on both sides of the Atlantic. The acquisition will complement
the consulting, analytics and software capabilities MJ Hudson has already built and allow our clients
to benefit from a more comprehensive, technology-enabled suite of services, across multiple markets."

“As well as allowing us to provide new services to MJ Hudson’s European customers, our decision to
acquire the company, its software system and IP comes as we seek to further improve the support we
provide to our North American clients and begin to grow our profile in the world’s largest asset
management market. The Amaces team has identified a significant growth opportunity for its marketleading
services and we are excited to work with the team to capture this opportunity and help more
institutions generate enhanced returns.”

James Economides, Director, Amaces US, commented:

“Amaces and MJ Hudson both operate within asset management and both have strong, compatible
cultures. The logical next step was to combine forces for the benefit of all our clients. We look forward
to providing even better, more extensive products and a broader consultancy practice for the 100+
institutions that we already work with.”

Aidan Dennis, Director, Amaces Europe, added:

“MJ Hudson has built a name for itself as a dynamic and independent consultancy. The corporate
transformation that Amaces is undergoing is to the benefit of our clients and will deliver an enhanced
service for all, which is the key imperative. We very much look forward to the new partnership.”